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16 May 2018

30. A good is rival in consumption if: (a) One person's use of the good diminishes another person's ability to use the good. (b) One person's use of the good does not diminish another person's ability to use the good. (c) People can be prevented from consuming the good. (d) People cannot be prevented from consuming the good.

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Deanna Hettinger
Deanna HettingerLv2
18 May 2018
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9) The marginal benefit of a good A) is the additional cost to a consumer of consuming another unit of the good. B) equals the maximum willingness to pay for another unit of the good. C) increases with increased consumption of the good. D) is the benefit a consumer receives from consuming an assortment of the good. E) equals the consumer surplus from the good.

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